While the role of the bookkeeper has expanded and evolved over the years, the basic premise remains the same. This professional works to help companies to ensure that their finances are accurate. To be a bookkeeper, you need a specific set of skills so that you can perform all of the necessary duties.
Bookkeeping School is a course that teaches you what you need to know to function as a professional bookkeeper in today’s world. This course ensures that you have all of the necessary training to understand the numbers and put them into action for a company’s financial well-being.
The Role of the Bookkeeper in Business
A bookkeeper plays an integral role in ensuring that a company’s finances are accurate and recorded. The information that you process and maintain help business owners to determine if they need to make changes to strengthen their financial health. You have numerous roles and responsibilities, but some of the most common include:
- Processing transactions related to accounts receivable and payable
- Preparing depreciation schedules
- Managing payroll processing
- Preparing financial statements
- Managing bank reconciliations
- Tracking fixed assets
- Taking care of month-end closings
To be a competent bookkeeper, you need to develop the right skills. Bookkeeping School provides you with what you need to tackle the responsibilities of a bookkeeper. It is also important to be proficient with QuickBooks, as this is the most popular bookkeeping software used today, have strong math skills and be comfortable using Microsoft Excel.
Depending on the size of the business, you may work independently or with a team of other financial professionals. Bookkeepers can expect to spend a lot of their time reviewing paperwork, running numbers and inputting information into bookkeeping software. You will also work to look for errors so that any corrections can be made quickly.
What is Bookkeeping School?
Bookkeeping School is a certificate program offered by the US Career Institute. Before you enroll in the program, you have to have your GED or high school diploma.
This program is self-paced, allowing you to tackle the units at the speed that is most comfortable for you. There is no specific time limit on this program. On average, it takes students approximately four to 12 months to complete this program.
Bookkeeping School does not have specific schedules or class times like a traditional university or college. This allows you to work on the units at times that are convenient or you.
Once you enroll in the program and submit your full or down payment, you can start working on the material right away. This school does not have any specific enrollment periods, so you can start the program whenever you are ready.
Once you finish this program, you are ready to start working as a professional bookkeeper for a single company or on a freelance basis.
Bookkeeping School covers an array of topics, such as:
- Bookkeeping equations
- Accounts receivable
- Computerized bookkeeping
- Corporations, partnerships and non-profit organizations
- Accounts payable
- Entry systems and the journal
- Financial statements
- Banking and payroll
- Reversing entries
- Closing the books
- Allowances and discounts
- The worksheet and ledger
This course provides you with all of the study materials that you need to complete each lesson. You have access to the instructors as necessary when you have questions or need clarification on any of the concepts that are presented throughout the Bookkeeping School course.
The Bookkeeping School lessons and materials are designed for people who have no prior bookkeeping experience. As long as you have some basic math skills, you can take this course.
Who Developed the Bookkeeping School Course?
Bookkeeping School was developed by the US Career Institute. The instructors have experience and advanced education in bookkeeping and other finance principles. This school has different accreditations that help to ensure that the education that they deliver is high in quality.
- The Division of Private Occupational Schools through the Colorado Department of Higher Education
- Distance Learning Accrediting Commission
The school itself along with the instructors work to periodically review the course materials to ensure that they are updated and accurate. This ensures that you are getting the latest information so that your bookkeeping skills match with the needs of today’s employers.
Examining the Bookkeeping School Program
This Bookkeeping School course will award you with a certificate after you complete all of the required lessons. There are four units to complete to finish this program.
The first unit starts by introducing you to the course and providing you with an overview of what you can expect to learn as you go through the units. Here you can get a feel for what the course has to offer and the skills you will develop as you complete the sections.
The next part focuses on explaining bookkeeping. You will learn about exactly what it is and the role of the bookkeeper. This information ensures that you know exactly what this profession entails and what you will be doing once you complete the program and start working.
Bookkeeping equations are introduced next. You will learn about the different equations, their purpose and how to work with them to carry out your bookkeeping duties.
The fourth part of this unit is focused on the accounting cycle. You will get the details about this concept and why it is important for bookkeepers to know. This lesson also teaches you how to use the accounting cycle and when you should implement it.
Up next is a lesson on entry systems and the journal, as these are among the most important fundamentals for bookkeepers. This unit finishes up by giving you the information that you need to develop, maintain and use the ledger.
Unit two has six sections that further expand upon the lessons that you learned in unit one. It starts by introducing you to accounts receivable so that you can see how bookkeepers work to make sure that the company is getting the payments that it is owed. The next part is on the opposite end and explores accounts payable, which is what a company owes, such as their bills and other operating expenses.
You will move on to learning about the different types of financial statements that bookkeepers work with. It shows you what these are, their importance and how to complete them. The next module is specialized journals so that you can see how financial information is recorded.
The fifth section explores merchandising accounts, depreciation and sales tax. The unit finishes up by showing you the worksheet. Learn about what it is, the role that it plays and how to work with it.
Here you will focus on banking and payroll. However, the first section of the unit teaches you about closing the books so that you can ensure that the figures are accurate, and that all necessary information is present.
Section two explores banking and the different elements that a bookkeeper is responsible for. The third section teaches you about the different payroll functions that bookkeepers perform. Lastly, you are taught about computerized bookkeeping.
Unit four is the final unit in this course. It starts out by showing you the different daily bookkeeping concepts that you can expect to use once you are in the workforce. Next, you learn more about corporations, partnerships and non-profit organizations, and the various intricacies that are associated with them.
The third and final element of this unit includes learning about reversing entries, discounts and allowances. Once you finish all of the units, you will complete a final project that is called the Sole Proprietorship Business Project. This ties together everything that you learned throughout the course.
There are several materials that come with this program that you will use as you progress through the units.
- Two and 10 column ledger paper for assignments
- Math tutor to aid you in sharpening your math skills
- Reference cards that you can use when working on credits and debits
- Spreadsheet applications for practice and completing assignments
- Reading material to help you learn how to read a balance sheet
- Additional reading material to aid you in mastering how to read an operating statement
As you make your way through the units, there may be some assignments that you need to complete. The purpose of these is to test your knowledge and help you to apply what you have learned to the real world. This will help you to see what it is like working as a bookkeeper. You can also use these assignments to get a feel for the different bookkeeping applications and why they are so important for ensuring the financial health of a company.
In addition to all of the lessons and materials included in the Bookkeeping School program, they also offer a Career Coach Program. You can take advantage of this feature as you go through the lessons. The coaches are also available after you complete your certificate to aid you as you venture into the job market.
How Much Does Bookkeeping School Cost?
Bookkeeping School comes with three different options for how to pay the related tuition and fees. These include:
- If you pay the program in full by making a one-time payment, the total cost is $589.
- You can choose to make monthly payments of $79 a month and mail them in. After making your final payment, the total course cost is $689.
- There is an automatic payment choice where the monthly payment is taken from your card or bank account automatically. This costs $79 a month for a total of $639 after making all of the payments.
If you choose either of the payment options, you have to make a down payment of $79. This is $29 for the application fee and $50 for the down payment for a total of $79.
Your tuition gives you full access to Bookkeeping School and all of the materials that you need to complete the lessons. If you opt to get the hard copy lesson books, there is an additional fee of $30 you will need to pay. After you enroll and make your full payment or down payment, you can order the hard copies by phone or online.
If you are a member of the military, you can get a 25 percent discount on your Bookkeeping School tuition. This discount is also available for the spouses of military members on active duty.
Career Outlook for Professional Bookkeepers
In the United States, jobs for bookkeepers will always be available. After completing Bookkeeping School, you have the skills and training necessary to immediately start your career. There are entry-level positions in a wealth of industries that you can pursue based on your interests and preferences once you finish Bookkeeping School.
The midpoint salary for professional bookkeepers is about $38,000 annually. However, there are some bookkeepers earning upward of $150,000 a year. It ultimately depends on your education background, experience level, how you pursue your career (employer, freelance or owning your bookkeeping business) and the industry that you choose to work in. (You can earn more as a bookkeeper if you start your own bookkeeping business. We suggest our top course pick called Complete Bookkeeping and QuickBooks Training.)
For example, if you are new to bookkeeping and you work for a small business, your salary will likely be lower compared to an experienced bookkeeper working for a Fortune 500 company. However, due to the demand for bookkeepers, as you gain experience and sharpen your skills, there are usually always opportunities for advancement or more profitable employment opportunities.
You can also choose to pursue certification to make yourself more marketable.
For example, you can test for certificates offered by different professional organizations, such as:
- National Association of Certified Bookkeepers
- American Institute of Professional Bookkeepers
- QuickBooks Certified ProAdvisors
All of the certifications have different requirements. Some of them only require you to pass an examination so that you can acquire them when you are new to the field. However, some certifications have both an examination and work requirements, so these are only for those with some experience working as a bookkeeper.
Where you choose to work also matters. A bookkeeper working in Los Angeles or Boston is likely to earn more than those working in Cleveland or Detroit.
Bookkeeping School lets you choose between hard copy or electronic lessons so that you can study the material using the method that you are most comfortable with. This program is comprehensive, covering all of the concepts that you need to know to efficiently serve your employer or clients.
After you finish Bookkeeping School, you are ready to hit the job market and start interviewing for entry-level positions. You can go into the industry with confidence that you can balance the books and maintain a variety of financial elements for any company that you work for.